curriculum vitae for roland clairmonte craigwell - Caribbean Centre ...

CURRICULUM VITAE OF ROLAND CLAIRMONTE CRAIGWELL
PERSONAL DETAILS
HOME ADDRESS:
Lot 15, Western Avenue
Fort George Heights
Upton, St. Michael
BB 11102
Barbados, W.I.
Tel: (246) 435-7010 (H)/417-4474 (W)
Fax: (246) 435-7010 (H)/438-9104 (W)
E-Mail: craigwell@caribsurf.com (H)
roland.craigwell@cavehill.uwi.edu (W)
WEB PAGE: http://www.cestagi.com/?Roland_Clairmonte_Craigwell0
DATE OF BIRTH: March 10, 1964
NATIONALITY: Barbadian
MARITAL STATUS: Married (2 children)
UNIVERSITY EDUCATION
1991-1993 Ph.D. Economics, University of Southampton, England. Thesis: “Essays on Credit Rationing Using
Contingent Claims Analysis”.
Areas of Specialization: Econometrics, Statistical Methods, Finance and Monetary Economics.
1988-1989 M.A. Economics, University of Warwick, England. Dissertation: “Interest Rate Determination in Small
Open Economies: with Special Reference to the Caribbean Territories”.
Areas of Specialization: Econometrics and Statistical Methods.
1982-1986 B.Sc. Economics (First Class Honours), University of the West Indies, Barbados.
PROFESSIONAL EMPLOYMENT
2008- ….. Professor of Economics, Department of Economics, University of the West Indies, Barbados.
Courses taught: MSc. International Finance, Financial Economics, Econometrics Method, and Bank
Financial Management. BSc. Bank Financial Management, Finance and Development and
Econometrics I and II.
2007-2008 Deputy Director (Operations and Policy Analysis), Central Bank of Barbados, Barbados. Main
responsibilities: Coordinator of the Research Department policy and operations programmes.
1997-2007 Deputy Director (Economic Modelling), neé Chief Economist, Central Bank of Barbados, Barbados.
Main responsibilities: Coordinator of the Bank’s Macroeconomic Models, Research, Internship and
Training programmes.
1994-1997 Chief Forecasting Analyst, Central Bank of Barbados, Barbados. Main responsibilities: Coordinator of
the Bank’s Economic Forecasting model.
1993-1994 Senior Economist, Central Bank of Barbados, Barbados. Main responsibilities: Monitoring
developments in the financial sector.
1986-1993 Economist, Central Bank of Barbados, Barbados. Main responsibilities: Monitoring developments in
the international, real and financial sectors.
2007-2008 Temporary Lecturer (Economics), University of the West Indies, Barbados. Courses taught: MSc.
International Finance and Financial Economics.
2000-2001 Temporary Lecturer (Economics), University of the West Indies, Barbados. Courses taught: Business
and Economic Forecasting.
1993-1994 Temporary Lecturer (Economics), University of the West Indies, Barbados: Courses taught:
Theoretical and Applied Econometrics.
1991-1993 Tutor (Economics), University of Southampton, England. Courses tutored: Mathematical Economics,
Microeconomics
1990-1991 Temporary Lecturer (Economics), University of the West Indies, Barbados. Courses taught: MSc.
Quantitative Methods, Microeconomics
1986-1991 Tutor (Economics), University of the West Indies, Barbados. Courses tutored: Macroeconomics,
Microeconomics and Mathematics.
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CONSULTANCIES
2012 IDB – Research Project on Barbados: A Political Economy Analysis of the Budget Process.
2012 Government of Turk and Caicos Islands - Research Project on Forecasting Real Output and Revenues.
2012 CDB - Research Project on Institutional Factors and Caribbean Debt.
2009 SALISES and CDB- Research Project on Growth and Development Strategy in the Caribbean.
2009 Ministry of Economic Affairs - Research Project on Leading, Coincident and Lagging Indicators for
Barbados (with Winston Moore).
2008 National Productivity Council - Research Project on the Cost of Living in Barbados (with Winston
Moore).
2008 UWI, Mona and Government of Canada- Background paper on Financing for the 2 nd Caribbean
Ideas Forum.
2008 Barbados Light and Power – Research Project on Forecasting Model for Electricity Sales.
2006 UNU-WIDER- Research Project on Tourism Competitiveness in SIDS.
2005 Caribbean Centre for Monetary Studies - Co-editor of CCMS 2004 Volume of Papers.
2005 International Labor Office - Research Project on Investment Trends and Employment in the Caribbean.
2005 Caribbean Centre for Monetary Studies – Co-editor of CCMS 2003 Volume of Papers.
2004 Ministry of Education, Youth Affairs and Sports - Research Project on School Meals Centre.
2002 World Bank - Research Project on National Education, Training and Innovation Systems.
2001 OECS/World Bank - Research Project on Poverty Data Analysis in the OECS.
2001 Caribbean Development Bank - Research Project on Aid and Growth in the Caribbean.
2000 ECLAC - Research Project on Offshore Finance for Caribbean Economies.
1998 CLICO Holdings Ltd - Research Project on Investment in Barbados.
1996 Caribbean Development Bank - Research Project on Poverty in the Caribbean.
INVITED LECTURER
2012 Consumers International and the Ministry of Trade and Consumer Affairs - EVIEWS software
workshop, Barbados.
2010 Caribbean Tourism Organization – Workshop on Tourism Forecasting, Barbados.
2010 Consumers International and the Inter-American Development Bank (IDB), Overview of the Financial
Sector in the Caribbean, Barbados.
2010 Consumers International and the Inter-American Development Bank (IDB), Model Building and
Data Analysis Workshop for Caribbean Consumer Organizations, Trinidad and Tobago.
2010 Jamaica Institute of Planning- Lecture on Composite Indicators, Jamaica.
2010 Bank of Jamaica - Lecture on Composite Indicators, Jamaica.
2010 Departments of Management Studies, Economics and Mathematics, UWI, Mona - Workshop on
Econometric Modeling, Jamaica.
2009 CARICOM Secretariat and the Government of Antigua and Barbuda- Research Project on Banking
Services in CSME, Antigua.
2009 Ministry of Economic Affairs- Lecturers on Econometric Modeling, Barbados.
2008 LEAD (Guadeloupe) – Lectures on Forecasting at the Central Bank of Barbados, Guadeloupe.
2007 LEAD (Guadeloupe) – Lectures on Forecasting at the Central Bank of Barbados, Guadeloupe.
2005 Caribbean Development Bank - Lectures on Forecasting, Barbados.
2005 Eastern Caribbean Central Bank - Lectures on Panel Data, St. Kitts.
2003 Central Bank of Aruba - Research Project on a Forecasting Model for Aruba, Aruba.
1999 Center for Latin American Monetary Studies - Lectures on Econometrics for Central Bankers in
Jamaica, Jamaica.
1998 ECLAC – Discussant at the Commission 27th session on Fiscal Covenant in Aruba, Aruba.
1996 Center for Latin American Monetary Studies - Lectures on Econometrics for Central Bankers in Aruba,
Aruba.
1996 Caribbean Development Bank - Lectures on Demand Analysis and Forecasting, Barbados.
1990 Center for Latin American Monetary Studies - Lectures on Macro Economic Modeling for Central
Bankers in Guyana, Guyana.
.OTHER PROFESSIONAL ACTIVITIES
2011-…. PhD Supervisor for Derek Leith.
2011-…. PhD Supervisor for Adrian Carter.
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2011-..... Peer Reviewer on Social Policies in Small States, United Nations Research Institute for Social
Development (UNRISD).
2010-…. Research Associate, Centr1al Bank of Barbados, Barbados.
2010-…. University Examiner for Econometrics I and II at St. Augustine Campus, UWI.
2010 -… Associate Editor, Central Bank of Barbados, Economic Review.
2009-…. PhD Supervisor for Clyde Mascoll
2009- 2011 PhD Supervisor for Allan Wright.
2009 -.... External Peer Reviewer. ECCB Working Paper Series.
2009 - 2011 CCMF, Main Coordinator of Research Project on Inflation in the Caribbean.
2009 -… Associate Member, Caribbean Centre for Monetary Studies, Trinidad.
2007 - …. Associate Editor, Journal of Public Policy Analysis.
2006 - …. Associate Editor, Journal of Business, Finance and Economics in Emerging Economies.
2005 - 2008 External PhD Supervisor for Winston Moore, University of Surrey, U. K.
2002 - 2006 Associate Editor, Caribbean Centre for Monetary Studies, Trinidad.
2002 - 2008 Co-Supervisor, Co-Supervisors’ Programme, University of the West Indies, Barbados.
1999 - 2008…. Mentor, Mentorship’s Programme, University of the West Indies, Barbados.
1998 - 2000 M.Sc. Thesis Reviewer, University of the West Indies, Trinidad.
1997 - …. Book Reviewer, Press University of the West Indies, Jamaica, and the Caribbean Centre for Monetary
Studies, Trinidad.
1997 - 2002 External Examiner, M.Sc. Financial Economics, International Finance and International Economics
courses, University of the West Indies, Jamaica.
1995 - 2007 Associate Editor, Central Bank of Barbados, Economic Review.
1986 - …. Journal Referee, Applied Economics, Applied Financial Economics, Social and Economic Studies,
International Economic Journal, Journal of Business, Finance and Economics in Emerging Economies,
Journal of Eastern Caribbean Studies, Scandinavian Economic Journal, China Economic Review,
Natural Resources Forum, Journal of Public Sector Policy Analysis, Caribbean Studies, International
Review of Applied Economics, Journal of Economic Studies, The Journal of International Trade &
Economic Development, Economic Systems, African Journal of Business Management, Journal of
Sustainable Tourism, Emerging Markets Review and International Migration.
PUBLICATIONS
(a) Edited Books
2012, Price Formation and Inflation Dynamics in the Caribbean, E-book, Caribbean Centre for Monetary Studies,
Trinidad (Edited with Winston Moore and DeLisle Worrell).
2007, Aspects of Financial Liberalization and Capital Market Development in the Caribbean, Central Bank of
Barbados, Barbados (Edited with Kevin Greenidge and Marion Williams).
2002, Facing Globalization: Impact and Challenges for Barbados and the Caribbean, Central Bank of Barbados,
Barbados (Edited with Harold Codrington and Darrin Downes).
1997, Central Banking in Barbados: Reflections and Challenges, Central Bank of Barbados, Barbados (Edited with
Harold Codrington and Cleviston Haynes).
1997, Macroeconomics and Finance in the Caribbean: Quantitative Analyses, Technical Paper No. 2, Caribbean
Center for Monetary Studies, Trinidad (Edited with DeLisle Worrell).
(b) Contributions to Books
2012, “Price Rigidity: A Survey of Evidence from Micro-level Data”, in R. Craigwell, W. Moore and D. Worrell
(Editors), Price Formation and Inflation Dynamics in the Caribbean, Caribbean Centre for Monetary Studies,
Trinidad, pp. 1-21(with Diego Morris, Winston Moore and DeLisle Worrell).
2012, “Does Consumer Price Rigidity Exist in Barbados?”in R. Craigwell, W. Moore and D. Worrell (Editors),
Price Formation and Inflation Dynamics in the Caribbean, Caribbean Centre for Monetary Studies, Trinidad, pp.
22-55 (with Winston Moore and DeLisle Worrell).
2010, “Recent Developments in Growth and Development Theory and Policy with Special Reference to Small
Developing Countries”, in F. Alleyne, D. Lewis-Bynoe and X. Archibald (Editors), Growth and Development
Strategies for the Caribbean, Caribbean Development Bank, Barbados, pp. 15-29.
2007, “The Impact of Capital Account Liberalization in the Caribbean”, in R. Craigwell, K. Greenidge and M. Williams
(Editors), Aspects of Financial Liberalization and Capital Market Development in the Caribbean, Central Bank of
Barbados, Barbados, pp. 155-178 (with Daniel Boamah, Darrin Downes, Kevin Greenidge and Travis Mitchell).
2007, “The Demand for International Reserves in Barbados: Empirical Evidence for the Past Three Decades”, in R.
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Craigwell, K. Greenidge and M. Williams (Editors), Aspects of Financial Liberalization and Capital Market
Development in the Caribbean, Central Bank of Barbados, Barbados, pp. 179-199 (with Darrin Downes and Kevin
Greenidge).
2007, “Competition in the Commercial Banking Industry in Barbados”, in R. Craigwell, K. Greenidge and M. Williams
(Editors), Aspects of Financial Liberalization and Capital Market Development in the Caribbean, Central Bank of
Barbados, Barbados, pp. 223-248 (with Chanelle Maxwell, Stacia Howard and Tracy Maynard).
2007, “Bibliography of Published Works of the Staff of the Central Bank of Barbados: 1972-2007”, in R. Craigwell, K.
Greenidge and M. Williams (Editors), Aspects of Financial Liberalization and Capital Market Development in the
Caribbean, Central Bank of Barbados, Barbados, pp. 265-304.
2006, “Commercial Banks and Credit Unions in Barbados: An Empirical Investigation”, in A. Birchwood and D.
Seerattan (Editors), Finance and Real Development in the Caribbean, Caribbean Centre for Monetary Studies,
Trinidad, pp.223-37 (with Anton Belgrave and Winston Moore).
2006, “Economic Resilience with an Exchange Rate Peg: The Barbados Experience: 1985 - 2000”, in Lino Brigulio, G.
Cordina, E. and J. Kisanga (Editors), Building the Economic Resilience of Small States, Commonwealth Secretariat, pp.
77-96 (with Delisle Worrell, Harold Codrington and Kevin Greenidge).
2002, “Building Competitiveness in the Face of Vulnerability”, Human Development Report for the Organisation of
the Eastern Caribbean States, World Bank (with Nand Bardouille and others).
2002, “The Impact of WTO Agreements on Meat Demand in the Caribbean”, in Harold Codrington, Roland Craigwell
and Darrin Downes (Editors), Facing Globalisation: Impact and Challenges for Barbados and the Caribbean, Central
Bank of Barbados, Barbados, pp. 25-52 (with Winston Moore and Tessa Francillette).
2002, “Labour Market Dynamics in Barbados: Policies and Implications of Globalisation”, in Harold Codrington,
Roland Craigwell and Darrin Downes (Editors), Facing Globalisation: Impact and Challenges for Barbados and the
Caribbean, Central Bank of Barbados, Barbados, pp. 113-138 (with Ann-Marie Warner).
2002, “Bibliography of Published Works of the Staff of the Central Bank of Barbados”, in Harold Codrington, Roland
Craigwell and Darrin Downes (Editors), Facing Globalisation: Impact and Challenges for Barbados and the
Caribbean, Central Bank of Barbados, Barbados, pp. 183-199 (with Aldeen Payne).
2000, “Unemployment in Barbados: 1980-1996”, in Alain Maurin and Patrick Watson (Editors), Empirical Studies in
Caribbean Economy, Technical Papers Vols. 5 and 6, Caribbean Centre for Monetary Studies, Trinidad, pp. 43-91 (with
Ann-Marie Warner).
1997, “Stormy Weather: Economic Forecasting at the Central Bank of Barbados”, in Harold Codrington,
Roland Craigwell and Cleviston Haynes (Editors), Central Banking in Barbados: Reflections and Challenges, Central
Bank of Barbados, Barbados, pp. 181-195.
1997, “Bibliography of Published Works of the Staff of the Central Bank of Barbados”, in Harold Codrington,
Roland Craigwell and Cleviston Haynes (Editors), Central Banking in Barbados: Reflections and Challenges, Central
Bank of Barbados, Barbados, pp. 213-735 (with Aldeen Payne).
1997, “The Impact of Government Expenditure on Economic Growth in Barbados: A Disaggregated Approach”, in
DeLisle Worrell and Roland Craigwell (Editors), Macroeconomics and Finance in the Caribbean: Quantitative
Analyses, Technical Paper No. 2, Caribbean Centre for Monetary Studies, Trinidad, pp. 139-153 (with Anton Belgrave).
1996, “Reflections on Macroeconometric Modelling and Forecasting in the English-Speaking Caribbean”, in Shelton
Nicholls, Hyginus Leon and Patrick Watson (Editors), Problems and Challenges in Modelling and Forecasting
Caribbean Economies, Technical Paper No. 1, Caribbean Centre for Monetary Studies, Trinidad, pp. 21-99 (with
Hyginus Leon, Shelton Nicholls, Patrick Watson, Janice Christopher-Nicholls and Audra Walker).
1991, “Can Barbados Borrow itself out of its Fiscal Deficit”, in Denise Dimon and Ravi Sarathy (Editors), Management
and Economic Growth Prospects in Latin America and the Caribbean, BALAS Proceedings, San Diego, pp. 49-54
(with Ian Durant).
(c) Articles in Refereed Journals
2013, “Duration of Financial Crises and Fiscal Policy”, Journal of Applied Economics, Vol. 45, pp.793–801 (with
Winston Moore and Troy Lorde).
2013, “Asymmetries and Nonlinearities in the Reaction of Foreign Exchange to Interest Differentials: Evidence from a
Small Open Economy with a Long Term Peg” Journal of Applied Financial Economics, Vol…., pp…. (with Mahalia
Jackman, and Michelle Doyle).
2012, “Determinants of Private Consumption Expenditure in Selected Caribbean Countries, International Research
Journal of Finance and Economics, Issue 92, pp. .... (with Richard Sutherland).
2012, “Lending Behaviour in different Credit Rationing Environs: A Regime Switching Model for Barbados”,
Journal of Eastern Caribbean Studies, Vol. 37, No.1, pp.…. (with Donna Kaidou-Jeffrey).
2012, “Convergence of Caribbean Stock Exchanges”, Journal of Social and Economic Studies, Vol. 61, No. 1, pp.
117-137 (with Stacia Howard).
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2012, “Price Reform and Household Demand for Electricity” Journal of Policy Modeling Vol. 34, No. 2, pp. 242-252
(with Winston Moore and Adrian Carter).
2012, “A Note on the Fuel Charge Adjustment in Barbados” Journal of Eastern Caribbean Studies, Vol. 37,
No.1, pp.…. (with Adrian Carter and Winston Moore).
2012, “The Effectiveness of Government Spending on Education and Healthcare in the Caribbean”,
International Journal of Development Issues, Vol. 11, No. 1, pp. 4-18 (with Danielle Bynoe and Shane Lowe).
2012, “Private Consumption Expenditure in the Eastern Caribbean Currency Union” Empirical Economic Letters,
Vol. 11, No. 3, March, pp. 211-18(with Richard Sutherland).
2011, “Local Perspectives on Global Risk Trends: Implications for the Caribbean”, Central Bank of Barbados
Economic Review, Vol. 37, Issue 4, pp. 43-52 (with Andre Burgess and Allan Wright).
2011, “Foreign Direct Investment, Economic Growth and Corruption in Developed and Developing Economies,
Journal of Economic Studies” … Vol. .., No…, pp..( (with Allan Wright and Marie Freckleton)..
2011, “Foreign Direct Investment and Corruption in Developing Economies: Evidence from Linear and Nonlinear
Panel Granger Causality Tests,” Economics Bulletin, Vol. 31 no.3 pp. 2272-2283 (with Allan Wright).
2011, “Unemployment Hysteresis in the English-Speaking Caribbean: Evidence from Non-Linear Models,”
International Research Journal of Finance and Economics, Issue 78, pp. 137-57 (with Alain Maurin).
2011, “Are Caribbean Countries Diverging or Converging? Evidence from Spatial Econometrics,” Journal of
Business, Finance and Economics in Emerging Economies, Vol. 6, No. 1, pp. 161-206 ( (with Alain Maurin ).
2011, “Causality between Debt and Sovereign Credit Ratings using Panel Data,” Empirical Economic Letters,
Vol. 10, No. 10, October (with Lisa Drakes and Kevin Greenidge).
2011, “Loan Loss Provisioning in the Commercial Banking System of Barbados: Practices and Determinants”
International Research Journal of Finance and Economics, Issue 65, April, pp. 98-111 (with Wayne Elliott).
2011, “Exchange Rate Determination in Jamaica: A Market Microstructures and Macroeconomic Fundamentals
Approach” Journal of Business, Finance and Economics in Emerging Economies, Vol. 6, No.1, pp. 31-61 ( with
Allan Wright and J. Ramjeesingh) .
2010, “Revisiting the Effect of Country Size on Taxation in Developing Countries” Journal of Public Policy
Analysis, Vol. 4, pp.99-122 (with Chrystal Thomas).
2010. “Is The Tourism‐Led Growth Thesis Valid? The Case of The Bahamas, Barbados and Jamaica”,
Tourism Analysis, Vol. 15, No. 4, pp. 435-445(with Allan Wright, Carolyn Hayle, and J. Ramjeesingh) .
2010, “External Public Debt in the Caribbean Community,” Journal of Policy Modeling, Vol. 32, No.3, pp. 418-31
(with Kevin Greenidge and Lisa Drakes).
2010, “Why Do Prices Rise in Barbados? A Survey of Business Perceptions” Journal of Eastern Caribbean
Studies, Vol.35, No. 1, pp. 76-83 (with Winston Moore).
2010, “Economic Volatility and Remittances”, International Journal of Development Issues, Vol.9, No.1, pp. 25-43
(with Winston Moore and Mahalia Jackman).
2009, “The Contribution of Credit Unions to the National Development of Barbados,” Journal of Public Policy
Analysis, Vol. 3, pp. 20-42 (with Ronnie Griffith, Kimberly Waithe and Troy Lorde).
2009, “Exchange Rate Regimes and Monetary Autonomy: Empirical Evidence from Selected Caribbean Countries”,
Central Bank of Barbados Economic Review, Vol.36, No.2, pp. 22-36 (with Kevin Greenidge and Tracy Maynard).
2009, “Economic Volatility and Remittances: Evidence from SIDS”, Journal of Economic Studies, Vol.36 No. 2, pp.
135-47 (with Winston Moore and Mahalia Jackman).
2009, “Estimating Indexes of Coincident and Leading Indicators for Barbados”, Journal of Applied Econometrics and
International Development, Vol. 9 No. 2 pp. 145-61. (with Gladys Cotrie and Alain Maurin).
2008, “Remittances and Their Effect on the Level of Investment in Barbados”, Journal of Public Policy Analysis, Vol.
2, pp. 3-18 (with Ronnie Griffith, Trecia Boucher and Patrick McCaskie ).
2008, “The Significance of Foreign Direct Investment to Caribbean Development”, Journal of Public Policy Analysis,
Vol.2, pp. 50-76 (with Ronnie Griffith and Kimberly Waithe),
2008, “The Competitiveness of Selected Caribbean Tourism Markets”, Social and Economic Studies, Vol. 57, No. 1,
pp. 72-107 (with Delisle Worrell).
2008, “The Behaviour of a Small Foreign Exchange Market with a Long-term Peg - Barbados”, Applied Financial
Economics, Vol. 18, No. 8, pp. 673-82 (with Delisle Worrell and Travis Mitchell).
2008, “Sectoral Output Growth and Economic Linkages in the Barbados Economy Over the Past Five Decades”,
Journal of Applied Econometrics and International Development, Vol. 8, No. 2, pp… (with Darrin Downes, Kevin
Greenidge and Keva Steadman).
2008, “Foreign Direct Investment and Tourism in SIDS: Evidence From Panel Causality Tests”, Tourism Analysis,
Vol. 13, No. 4, pp. 427-32 (with Winston Moore).
2007, “A Review of Leading Composite Indicators: Making a Case for Their Use in Caribbean Economies”, Central
Bank of Barbados Economic Review, Vol.XXXIV, No. 3, pp.27-44 (with Gladys Cotrie and Alain Maurin).
2007, “A Sectoral Analysis of Barbados’ GDP Business Cycle”, Journal of Eastern Caribbean Studies, Vol. 32,
No.1, pp. 21-52 (with Alain Maurin).
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2007, “Technology Adoption and Its Impact on Output, Employment and Wages”, Journal of Eastern Caribbean
Studies, Vol.23, No. 2, pp. 73-81 (with Winston Moore).
2007, “A Comparative Analysis of the Barbados and United States Business Cycles”, Revue d'Economie Régionale et
Urbaine, No.1, pp. 57-78 (with Alain Maurin).
2006, “Non-Interest Income at Commercial Banks in Barbados: An Empirical Note”, Central Bank of Barbados
Economic Review, Vol. XXXIII, No.1, pp. 26-36 (with Chanelle Maxwell).
2006, “Non-Interest Income and Commercial Banks Performance in Barbados”, Savings and Development,
Vol. XXX, No. 3, pp. 309-29 (with Chanelle Maxwell).
2005, “Tourism Maturity and A Ranking of Relative Tourism Potential in the Caribbean”, Central Bank of Barbados
Economic Review, Vol. XXXII, No. 2, pp.28-40 (with Peter Whitehall).
2005, “Financing Preferences and Firm Growth in a Small Open Economy”, Savings and Development, Vol. XXIX,
No. 1, pp. 1-21 (with Winston Moore and Chanelle Maxwell).
2005, “Financial Innovation and Efficiency in the Barbadian Banking Industry”, Money Affairs, Vol.XVIII, No.2, July
- December, pp.83-101 (with Winston Moore and Kim Coppin).
2003, “ATM Usage and Productivity in the Barbadian Banking Industry”, Central Bank of Barbados Economic Review,
Vol. XXX, No. 1, June, pp. 17-21 (with Winston Moore and Kim Coppin).
2003, “The Relationship between Commercial Banks’ Interest Rates and Loan Sizes: Evidence from a Small Open
Economy”, Applied Financial Economics, Vol. 13, No. 4, pp. 257-266 (with Winston Moore).
2003, “Will the Poultry Industry in Barbados Wither as a Result of Trade Liberalisation?”, Journal of Eastern
Caribbean Studies, Vol. 28, No. 1, pp. 67-70 (with Winston Moore).
2002, “Market Power and Interest Spreads in the Caribbean”, International Review of Applied Economics, Vol. 16, No.
4, pp. 391-405(with Winston Moore).
2002, “Measuring Financial Development in Barbados: 1978 – 1998”, Journal of Eastern Caribbean Studies, Vol. 27,
No. 1, pp. 48-71 (with Nola Bynoe-Mayers).
2001, “The Finance-Growth Nexus: A Multivariate VAR Analysis”, Savings and Development, Vol. XXV, No. 2, pp.
209-225 (with Darrin Downes and Michael Howard).
2001, “Can Money Endogeneity be Generalised: Empirical Evidence from Caribbean Economies”, International
Advances in Economic Research, Vol. 7, No. 2, pp 253-259 (with Kevin Greenidge and Darrin Downes).
2000, “Forecasting Aggregate Employment in Barbados: A Note”, Central Bank of Barbados Economic Review, Vol.
XXVII, No. 2, pp. 18-28 (with Kevin Greenidge, Nigel Gaines and Ann-Marie Warner).
2000, “The Potency of Monetary and Fiscal Policy in Caribbean Countries: A Co-integrating VAR Approach”, Savings
and Development, Vol. XXIV, No. 3, pp. 325-345 (with Alwyn Jordan and Adrian Carter).
1999, “The Performance of the Securities Exchange of Barbados”, Savings and Development, Vol. XXIII, No.4, pp.
433-57 (with Christelle Grandbois).
1999, “The Determinants of the Capital Structures of Listed Companies on the Securities Exchange of Barbados”, Money
Affairs, Vol. XXII, No. 1, pp. 57-73 (with André Murray).
1999, “Bank Fragility in the Caribbean”, Social and Economic Studies, Vol. 47, Nos. 2 and 3, pp. 37-59 (with Tracy
Polius).
1999, “An Overview of Current Labour Market Programmes in Barbados”, Central Bank of Barbados Economic
Review, Vol. XXVI, No. 1, pp. 17-34 (with Suzanne Stumpp).
1998, “The Determinants of Growth in a Small Open Economy: Barbados”, Journal of Eastern Caribbean Studies, Vol.
23, No. 2, pp. 1-30 (with Denny Lewis-Bynoe).
1998, “Business Forecasting in the Caribbean: An Empirical Assessment”, Central Bank of Barbados Economic
Review, Vol. XXV, No. 1, pp 15-49 (with Andrew Downes, DeLisle Worrell, Sheryl Peter and Cyrilene Odle).
1998, “A Demand Function for Private Individual Credit in Barbados”, Savings and Development, Vol. XXI, No. 2, pp.
179-93 (with Darrin Downes and Kevin Greenidge).
1997, “The Monetary Transmission Mechanism in Small Open Economies: A Case Study of Barbados”, Savings and
Development, Vol. XXI, No. 2, pp. 179-195 (with Sherman Baksh).
1997, “The Effect of Domestic Policies on Tourism Demand: A Theoretical Analysis”, Tourism Analysis, Vol. 2, pp. 55-
59 (with Kelvin Dalrymple).
1997, “Estimating the Demand and Supply of Treasury Bills in Barbados: A Co-integration Approach”, Money Affairs,
Vol. X, No. 1, January-June, pp. 105-122 (with Philip Gayle).
1997, “Dynamic Modeling of the Current Account: Evidence from the Caribbean”, International Economic Journal,
Vol. IX, No. 2, pp. 1-15 (with Sudesh Samaroo).
1996, “The Impact of Official Rates on Commercial Banks’ Short-Term Interest Rates in Developing Countries”, Money
Affairs, Vol. II, No. 4, pp. 39-50 (with Cecilia Melville).
1995, “A Dynamic Consumption Function for Trinidad and Tobago”, Social and Economic Studies, Vol. 44, No. 1, pp.
117-45 (with Llewyn L. Rock).
1995, “An Aggregate Consumption Function for Canada: A Co-integration Approach”, Applied Economics, Vol. 27, pp.
239-249 (with Llewyn L. Rock).
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1995, “On Unbalanced Productivity Growth in Barbados”, Money Affairs, Vol. VIII, No. 2, pp. 85-93 (with Clyde
Mascoll).
1994, “Government Revenue-Expenditure Causality in the Presence of Seasonality in Barbados”, Social and Economic
Studies, Vol. 43, No. 4, pp. 197-219 (with Hyginus Leon and Clyde Mascoll).
1993, “Substitution Possibilities Between Imports and Traditional Factors of Production for a Small Open Economy”,
North American Journal of Economics and Finance, Vol. 4, No. 2, pp. 211-225 (with Daniel Boamah).
1992, “Evaluating the Rational Expectations - Permanent Income Hypothesis: Evidence from Caribbean Countries”, The
North American Journal of Economics and Finance, Vol. 3, No. 1, pp.21-39 (with Llewyn L. Rock).
1992, “Dynamic Savings Behaviour in an Oil-Dependent Economy: The Case of Trinidad and Tobago”, Journal of
Development Economics, Vol. 39, pp. 247-261 (with Llewyn L. Rock).
1992, “Testing the Rational Expectations - Permanent Income Hypothesis for Latin American and Caribbean Countries”,
Money Affairs, Vol. V, No.1, pp. 89-103 (with Llewyn L. Rock).
1991, “Government Deficits and Spending in Barbados: An Empirical Test of the Buchanan-Wagner Hypothesis”, Public
Finance, Vol. XXXXVI, No. 3, pp. 373-382.
1991, “Wages and Prices: What Causes What”, Social and Economic Studies, Vol. 40, No. 1, pp. 93-103.
1991, “Evaluating the Buchanan-Wagner Hypothesis: Evidence from Caribbean Countries”, Social and Economic
Studies, Vol. 40, No. 3, pp.41-58 (with Llewyn L. Rock).
1991, “The Demand for Money in Jamaica: A Co-integration Approach”, Money Affairs, Vol. IV, No. 1, pp. 19-41.
1991, “Conceptual and Empirical Issues in the Specification of a Poverty Line”, Central Bank of Barbados Economic
Review, Vol. XVIII, No. 2, pp. 11-13.
1990, “Causality Testing and Sensitivity to Detrending: The Money- Income Relation Revisited”, The North American
Review of Economics and Finance, Vol. 1, No. 1, pp. 117-33 (with Hyginus Leon).
1990, “Interest Rate Policies, Financial and Economic Growth in Barbados: 1973-1986”, Money Affairs, Vol. III, No. 1,
pp. 69-80.
1989, “Public Debt and Private Consumption: Empirical Evidence from Small Open Economies”, Applied Economics,
Vol. 21, pp. 679-710 (with Llewyn L. Rock and Ronald Sealy).
1988, “Tax and Spend or Spend then Tax: The Case of Barbados”, The North American Review of Economics and
Finance, Vol. 1, No. 1, pp. 165-185 (with Llewyn L. Rock).
1988, “On the Determination of the External Public Debt: The Case of Barbados”, Social and Economic Studies, Vol.
37, No. 4, pp. 137-150 (with Llewyn L. Rock and Ronald Sealy).
TRAINING
2003 UN Trade Centre, EcoMod, General Equilibrium Modeling with GAMS, Washington, USA.
1995 World Bank, Internship on Macroeconomic Modelling, Washington D.C., USA.
1993 International Monetary Fund, Financial Programming Course, Barbados.
1986-2008 Central Bank of Barbados, Courses on computing software, human resources management, Barbados.
REGIONAL AND INTERNATIONAL SEMINARS AND CONFERENCES
2012 ECLAC Expert Group Meeting on Development Paths in the Caribbean: Port of Spain, Trinidad
and Tobago, December 12.
2011 ECLAC Expert Group Meeting on Macro-econometric Modeling and Climate Change in the
Caribbean: Port of Spain, Trinidad and Tobago, December 5-6.
2011 43rd Annual Monetary Studies Conference, Bridgetown, Barbados, November 15-19.
2011 4 th Biennial International Conference on Business, Banking and Finance, Hilton Hotel, Port of
Spain, Trinidad and Tobago, June 22-24.
2010 SALISES 11 th Annual Conference, Port of Spain, Trinidad and Tobago, March 24-26.
2009 ECLAC Expert Group Meeting on Macro-econometric Modeling in the Caribbean: New
Challenges and New Directions, Port of Spain, Trinidad and Tobago, November 20.
2009 41st Annual Monetary Studies Conference, Georgetown, Guyana, November 10-14.
2009 3 rd Biennial International Conference on Business, Banking and Finance, University of the
West Indies, St Augustine, Trinidad and Tobago, May 27 - 29
2008 40th Annual Monetary Studies Conference, Basseterre, St.Kitts, November 1-4.
2008 Annual Meeting Allied Social Science Associations, New Orleans, LA, U.S.A, Jan. 4-6.
2007 XII Meeting of the Network of America Central Bank Researchers, Madrid, Spain, Nov. 5-7.
2007 62nd International Atlantic Economic Society, Madrid, Spain, March 14-18.
2006 38th Annual Monetary Studies Conference, Bridgetown, Barbados, November 1-4.
2006 61st International Atlantic Economic Society, Berlin, Germany, March 13-19.
7

2005 37th Annual Monetary Studies Conference, Nassau, The Bahamas, November 1-4.
2005 9th World Congress of the Econometric Society, London, England, August 18-24.
2004 36th Annual Monetary Studies Conference, Port-of-Spain, Trinidad, November 1-4.
2003 78 th Western Economic Association Annual Conference, Denver, U. S. A., July 11-15.
2003 Canada Economic Association Conference, Calgary, Alberta, Canada, May28-July 4.
2002 53rd International Atlantic Economic Society Conference, Paris, France, March 13-17.
2000 21st International Symposium of Forecasting Conference, Georgia, Atlanta, June 17-20.
2000 Deloitte Touche Informal Economy Research Centre Conference, London, England, May 29-June 5.
2000 33rd Annual Monetary Studies Conference, Kingston, Jamaica.
1999 Research Seminar on Commercial Bank Efficiency, Port-of-Spain, Trinidad, November 18-19.
1999 19th International Symposium of Forecasting Conference, Washington D.C., U.S.A, June27-July 2.
1998 31st Annual Monetary Studies Conference, Nassau, The Bahamas, November 1-4.
1998 18th International Symposium of Forecasting Conference, Edinburgh, Scotland, June 9 –13.
1997 48th International Atlantic Economic Society Conference, Philadelphia, Pennsylvania, October 9-12.
1997 30th Annual Monetary Studies Conference, Bridgetown, Barbados.
1997 17th International Symposium of Forecasting Conference, Bridgetown, Barbados.
1996 29th Annual Monetary Studies Conference, Port-of-Spain, Trinidad, October 31-November 2.
1996 Institute of Business Forecasters Forecasting Conference, Orlando, Florida, U.S.A., October 26-29.
1996 European Economic and Financial Centre International Symposium on Economic Modeling, Oslo,
Norway, July.
1995 28th Annual Monetary Studies Conference, Basseterre, St. Kitts, November 8-11.
1995 Modelling and Forecasting for Caribbean Economists, Port-of-Spain, Trinidad, May 19-21.
1994 27th Annual Monetary Studies Conference, Kingston, Jamaica, November 23-26.
1990 22nd Annual Monetary Studies Conference, Georgetown, Guyana, October 15-18.
1988 8th Latin American Econometric Society, Costa Rica, Central America, August 2-5.
1988 CEMLA Seminar on Interest Rate Management, Basseterre, St. Kitts, March 28-2
1987 19th Annual Monetary Studies Conference, Belize City, Belize, November 16-18.
SKILLS
AWARDS
Competent in several computer software packages including EVIEWS, MICROFIT, LIMDEP,
INTERNET, WORD, EXCEL
Knowledgeable in French.
2009 Barbados Economic Society Prize.
2004 A. W. A. McClean Prize, Sterling contribution to Economics in the Caribbean.
1991-1993 Chevening (neé Foreign and Commonwealth Office) Scholarship.
1988-1989 British Commonwealth Scholarship.
1985-1986 University of the West Indies, Bursary.
1986 University of the West Indies, Department of Economics, Economic Theory Prize.
1986 University of the West Indies, Department of Economics, Prize for Most Outstanding Student.
PROFESSIONAL AFFILIATIONS
Member, International Institute of Forecasters since 2007.
Member, Royal Economic Society since 2006.
Member, Barbados Economic Society since 1986 - President (1999/2001).
Member, Econometric Society since 1998.
Director, Small Business Venture Capital Inc. (Investment Committee) 2000-2001.
UNIVERSITY COMMITTEES
Board of Studies, Cave Hill, 2008-
Cave Hill Representative, Campus Council, St. Augustine, 2012-2013
Board of the Faculty of Social Sciences, Cave Hill, 2008-
8

REFERENCES
Available on request
BOOK REVIEWS
2005, “A Review of Marcus Haacker’s (Editor) The Macroeconomics of HIV/AIDS”, Central Bank of Barbados
Economic Review, Vol. XXXII, No. 1, pp. 31-35.
2000, “On the Manufacturing Sector in Less Developed Countries: A Review”, Central Bank of Barbados Economic
Review, Vol. XXVII, No. 2, pp. 38-42 (with Darrin Downes).
1996, “A Review of Samuel A. Morely, Poverty and Inequality in Latin America: The Impact of Adjustment and Poverty
in the 1980s”, Central Bank of Barbados Economic Review, Vol. XXIII, No. 3, pp.45.
1990, “A Summary of the United Nations Development Programme’s Human Development Report 1990”, Central Bank
of Barbados Economic Review, Vol. XVIII, No. 1, pp. 16-17.
1990, “A Review of Geoff Hawthorn (Editor), The Standard of Living”, Central Bank of Barbados Economic Review,
Vol. XVII, No. 2, pp. 24.
1990, “A Review of Edwin Whitting, A Guide to Unemployment Reduction Measures”, Central Bank of Barbados
Economic Review, Vol. XVII, No. 2, pp. 24-26.
PAPERS IN UNREFEREED JOURNALS
2010, “Jamaica’s New Relationship with the IMF: Questionable Strategies towards Economic Growth”, CMMB Iq,
Vol.3, No.1, pp. 54-56 (with Allan Wright).
2007, “”, Barbados Economic Society Newsletter, No. 59, pp. 1-2.
2007, “”, Barbados Economic Society Newsletter, No. 59, pp. 1-2.
2006, “Christmas Won’t be Christmas without Any Presents”, Barbados Economic Society Newsletter, No. 58, pp.
1-2.
2006, “Is Economic Growth or Wellbeing a Good Thing?” Barbados Economic Society Newsletter, No. 58, pp. 8-9.
2006, “On the Theory of Bargaining”, Barbados Economic Society Newsletter, No. 57, p. 7.
2006, “Always Scrutinise the Factors Underlying Movements in Economic Data”, Barbados Economic Society
Newsletter, No. 57, pp. 5 (with Darrin Downes and Travis Mitchell).
2005, “Report on Price Caps”, Barbados Economic Society Newsletter, No. 52, p…
2002, “The Christian’s Christmas Economic Dilemma”, Barbados Economic Society Newsletter, No. 49, p. 8.
2001, “On Defining Recession”, Barbados Economics Society Newsletter, No. 47, p. 7.
2000, “Is E-Retailing as Beneficial as We Think?” Barbados Economics Society Newsletter, No. 45, p. 1.
2000, “The Economics of Credit Cards”, Barbados Economics Society Newsletter, No. 44, p. 4 (with Harold
Codrington).
1999, “Subsistence Production: Is there any substance in it?” Barbados Economics Society Newsletter, No. 41, p. 1
(with Harold Codrington).
1999, “Another Look at the Economists”, Barbados Economics Society Newsletter, No. 40, pp. 7-8.
1990, “Some Useful Checks for Model Evaluation”, Barbados Economics Society Newsletter, No. 18, pp ......
UNPUBLISHED PAPERS
2009 “Evaluating Jamaica’s Fiscal Sustainability”, CBB Working Papers (with R. Craigwell and D. RamjeeSingh).
2006, “Diversification or Specialization in the Barbadian Banking Industry?” CBB mimeo (with Chanelle Maxwell and
Sophia Terrelonge).
2004, “Financing Constraints and Corporate Growth”, CBB mimeo (with Winston Moore).
2004, “Measuring Risk on the Barbados Stock Exchange”, CBB mimeo (with Kerry-Ann Alleyne).
2002, “Unemployment Policy in a SOE”, CBB mimeo (with Ann-Marie Warner).
2002, “A Comparative Analysis of Meat Demand in Barbados”, CBB mimeo (with Winston Moore).
2002, “Health and Economic Development: Preliminary Evidence from the OECS Countries,” CBB mimeo (with
Elsie Le Franc).
2002, “Production and Unemployment Cycles in the Caribbean: The Case of Barbados and Trinidad and Tobago”,
CBB mimeo (with Alain Maurin).
2002, “Health Outcomes and Economic Growth: Preliminary Evidence from the Caribbean” CBB mimeo (with
Elsie LeFranc and Kim Coppin)
2001, “Forecasting Meat Demand in Barbados under WTO Commitment”, CBB mimeo (with Winston Moore).
2001, “Economic Aspects of the Life Insurance Industry Business in Barbados”, CBB mimeo (with Victor Boyce).
2000, “Government Pay Policies and their Attendant Problems”, CBB mimeo (with Kelvin Dalrymple).
9

1999, “An Aggregate Forecasting Model of the Government Sector of Barbados”, CBB mimeo (with Kevin Greenidge).
1999, “Investment in the Traded and Non-traded Sectors in Barbados: An Empirical Approach”, CBB mimeo (with
Marie James).
1999, “Benefits from Financial Reform in the Caribbean”, CBB mimeo (with Anthony Georgiadis).
1997, “Administrative Tax Reform and the Duration of Tax Returns in the OECS”, CBB WP (Vol. II), pp. 83-96 (with
Nathaniel Samuel).
1997, “The CDB and Poverty Reduction: A Macro Analysis”, CBB WP (Vol. 1), pp. 41-55.
1997, “An Analysis of the Service Sector in Barbados”, CBB WP (Vol. 1), pp. 29-44 (with Blair Clarkson).
1996, “Alternative Approach to the Measurement of the Human Capital Index”, CBB WP, pp. 146-151 (with Denny
Lewis).
1996, “The Impact of Government Expenditure on Economic Growth in the OECS: A Disaggregated Approach”, CBB
mimeo (with Anton Belgrave, Seymour Douglas and Oral Williams).
1996, “An Optimal Theory of Tax Ratio and Income”, CBB mimeo (with Clyde Mascoll).
1996, “Tax Ratio and Income Relationship: Empirical Evidence from Developed and Developing Countries”, CBB
mimeo (with Darrin Downes, Kevin Greenidge, and Clyde Mascoll).
1996, “Tax Ratio and Income Relationship: Empirical Evidence from Small Open Economies”, CBB mimeo (with Darrin
Downes, Kevin Greenidge and Clyde Mascoll).
1996, “Barbados: The Development of a VAT”, CBB WP, pp.95-111 (with Kelvin Dalrymple and Merton Moore).
1996, “Testing a Simple Model of Tax Policy and Unbalanced Productivity Growth: Barbados as a Case Study”, CBB
mimeo (with Clyde Mascoll).
1995, “Some Notes on Model Handling for Forecasting and Policy Analysis”, CBB mimeo.
1995, “Tax Capacity in the OECS”, CBB WP, pp. 138-149 (with Clyde Mascoll and Brian Francis).
1994, “Financial Intermediation and Economic Development in Barbados: 1946-1990”, CBB WP, pp. 143-176 (with
Cleviston Haynes and Anthony Wood).
1994, “Economic Aspects of the Business of Life Insurance in Barbados”, CBB WP, pp. 17-28 (with Cleviston Haynes
and Peggy Mason).
1994, “An Economic Model of the Monetary Sector of the Barbados Economy”, CBB WP, pp. 111-126 (with Audra
Walker).
1994, “Modelling Aggregate Import Demand in Barbados”, CBB WP, pp. 127-142.
1994, “On Export-Led Growth in Barbados”, CBB mimeo (with Kelvin Dalrymple).
1994 , “The New Forecasting System”, CBB mimeo (with DeLisle Worrell, Audra Walker, Cleviston Haynes and Mary
Zephirin).
1993, “Essays on Credit Rationing Using Contingent Claims Analysis”, PhD Thesis, University of Southampton.
1993, “Loan Policy and Capital Accumulation under Credit Rationing and Limited Liability”, CBB WP, pp. 175-190.
1993, “On the Theory of Borrowing Constraints and Portfolio Choice”, CBB WP, pp. 253-263.
1993, “Government Revenue-Expenditure Causality and Co-integration: Evidence for Barbados”, CBB WP, pp. 264-271
(with Hyginus Leon and Jackie Farracho).
1990, “On Unbalanced Productivity Growth in the Caribbean: A Tradable - Non-Tradable Analysis”, CBB WP, pp. 152-
178 (with Clyde Mascoll).
1990, “Disequilibrium Market Analysis: An Application to the Residential Mortgage Market in Barbados”, CBB WP,
pp. 238-242 (with Carlos Holder).
1989, “Interest Rate Determination in Small Open Economies with Special Reference to the Caribbean Countries”, M.A.
Dissertation, University of Warwick.
1988, “The Demand for International Reserves: Evidence from Four CARICOM Economies”, CBB WP, pp. 60-65 (with
Addington Coppin).
1987, “ Investigating Life Insurance Premium Income using Co-integrated Variables,” CBB mimeo.
1987, “Demand for Life Insurance in Barbados: An Empirical Test”, CBB WP, pp.9-15 (with Cleviston Haynes).
1987, “An Econometric Investigation of Deposit Rate Determination at Commercial Banks: The Case of Barbados”,
CBB mimeo.
INTERNS SUPERVISED AT THE CENTRAL BANK OF BARBADOS
2012, Yannick Carby
2012, Sidonia Mckenzie
2011, Danielle Bynoe, UWI, Cave Hill, “The Effectiveness of Government Spending on Education and Healthcare in
the Caribbean”.
2011, Richard Sutherland, UWI, Mona “Determinants of Private Consumption Expenditure in Selected Caribbean
Countries”.
2010, Wayne Elliott, University of the West Indies, Cave Hill, “Loan Loss Provisioning in the Commercial Banking
System of Barbados: Practices and Determinants” International Research Journal of Finance and Economics,
Issue 65, April, pp. 98-111.
10

2010, Donna Kaidou-Jeffrey, UWI, Cave Hill,“Lending Behaviour in different Credit Rationing Environs: A Regime
Switching Model for Barbados”.
2010, Chrystal Thomas, UWI, Cave Hill, “Revisiting the Effect of Country Size on Taxation in Developing
Countries” Journal of Public Policy Analysis, Vol. 4, pp.99-122.
2007, Jean Marie Cayemette, University of Guadeloupe, “Estimating Quarterly GDP for CARICOM countries”.
2006, Sophia Terrelonge, University of West Indies (Mona), “Diversify or Focus? Evidence from the Barbadian
Banking Industry,” (with Chanelle Maxwell).
2006, Matthew DeMartino, University of Pennsylvania,“Welfare State in Barbados”.
2005, Gladys Cotrie, Universtiy of Guadeloupe,“Coincident and Leading Indicators of the Barbadian Business Cycle”
(with Ryan Straughn). Journal of Applied Econometrics and International Development, Vol. 9 No. 2 pp.
145-61.
2002, Keva Steadman, UWI, Mona,“Intersectoral Dynamics and Economic Growth in the Caribbean,” (with Darrin
Downes).
2001, Victor Boyce, University of York, UK,“Economic Aspects of the Life Insurance Industry Business in
Barbados”.
2001, Tessa Francillette, University of Guadeloupe,“The Impact of WTO Agreements on Meat Demand in the
Caribbean”, Harold Codrington, Roland Craigwell and Darrin Downes (Editors), Facing Globalisation: Impact
and Challenges for Barbados and the Caribbean, Central Bank of Barbados, pp. 25-52 (with Winston Moore).
2000, Nigel Gaines, UWI, St. Augustine, “Forecasting Aggregate Employment in Barbados Using Structural Time
Series Methods and ARIMA Models”, Central Bank of Barbados Economic Review, Vol. XXVII, No.2, pp.
18-28 (with Kevin Greenidge and Ann Marie-Warner).
1999, Marie James, UWI, Mona, “Investment in the Traded and Non-Traded Sectors in Barbados: An Empirical
Approach”.
1999, Anthony Georgiadis, Bucknell University, PA, USA,“Benefits from Financial Reform in the Caribbean”.
1998, André Murray, UWI, Mona,“The Determinants of the Capital Structure of Listed Companies on the SEB”,
Money Affairs, Vol. XII, No.1, pp.57-73.
1998, Suzanne Stumpp, Bucknell University, PA, USA, “An Overview of Current Labour Market Programmes in
Barbados”, Central Bank of Barbados Economic Review, Vol. XXVI, No.1, 1999, pp.17-34.
1998, Christelle Grandbois,University of Guadeloupe, “The Performance of the Barbados Stock Exchange”, Savings
and Development, Vol. XXIII, No.4, pp.33-57.
1997, Tracy Polius, UWI, St. Augustine, “Bank Fragility in the Caribbean”, Social and Economic Studies, Vol. 47,
Nos. 2&3, pp. 37-59.
1997, Blair Clarkson, Bucknell University, PA, USA,“An Analysis of the Service Sector in Barbados”.
1997, Sherman Baksh, UWI, St. Augustine, “The Monetary Transmission Mechanism in Small Open Economies: A
Case Study of Barbados”, Savings and Development, Vol. XXI, No. 2, 1997,pp. 179-195.
1997, Laurence Theatin, University of Guadeloupe, “Bank Fragility in Barbados” (with DeLisle Worrell).
1997, Philip Gayle, UWI, Mona, “Estimating the Demand and Supply of Treasury Bills in Barbados: A Co-integration
Approach”, Money Affairs, Vol. X, No.1, 1997, pp. 105-122.
1996, Cecilia Melville, UWI, St. Augustine, “The Impact of Official Rates on Commercial Banks’ Short-Term Interest
Rates in Developing Countries”, Money Affairs, Vol. 1, No. 4, 1996, pp.39-50.
1995, Brian Langrin, UWI, Mona,“Economies of Scale in the Barbadian Commercial Banking Industry”.
1995, Michael Henry, UWI, St. Augustine,“The Impact of Interest Rate Distortions on Deposit Mobilisation Costs -
The Case of Barbados”.
1993, Sudesh Samaroo, UWI, St. Augustine, “Dynamic Modelling of the Current Account: Evidence from the
Caribbean”, International Economic Journal, Vol. IX, No. 2, 1997, pp. 1-15.
1993, Jennifer Ferreira, Consortium Graduate School, Mona, UWI“ Financial Savings in the Caribbean”.
1991, Ronald Cutless, UWI, St. Augustine, “Modelling the Government Sector in Barbados: An Application of the
Co-integration Method”.
1990, Sharlene Maraj, UWI, St. Augustine,“A Review of Consumption Theory”.
MASTER STUDENTS SUPERVISED AT THE UNIVERITY OF THE WEST INDIES
2012 Ryan Bynoe
2011-.... Derek Leith, UWI, Cave Hill, “Estimating and Forecasting Univariate and Multivariate Volatility Models in
Caribbean Financial Markets.”(with Winston Moore).
2011 Sonia Felix, Financial Development and Economic Growth in Dominica.
2009 Kazon Simmons, Has The Price Of Admission Been Worth It: An Empirical Evaluation Of Whether St. Vincent
and the Grenadines Should Exit The Monetary Union?
2008 Jessica Forde, The Performance of the Garment Export Industry in Barbados.
11

PhD STUDENTS SUPERVISED AT THE UNIVERSITY OF THE WEST INDIES
2011-.... Adrian Carter, UWI, Cave Hill, “Essays on Electricity in Barbados” (with Winston Moore and Llandu
Mamingi).
2009-…., Clyde Mascoll, UWI, Cave Hill, “The Monetary Approach to Twin Deficits: The Cases of
Barbados and Jamaica.”
2009-2011 Allan Wright, UWI, Cave Hill, “Caribbean Tourism Demand and Volatility: Econometric
Modeling and Forecasting..”
2006-2009 Winston Moore, University of Surrey and UWI, Cave Hill, “Capital Liberalization, Growth and
Volatility: Evidence from SIDS.”
PAPERS SUBMITTED FOR PUBLICATION
2012 “Empirical Determinants of Consumer Spending in an Open Economy Setting: Panel Data Evidence from
the Caribbean” (with Richard Sutherland), International Review of Applied Economics.
2012 “Institutional Factors and Public Debt in Caribbean Countries” (with Wayne Elliott, Darrin Downes and
Jason LaCorbiniere), International Journal of Development Issues.
2012 “Modeling and Forecasting Caribbean Tourism Demand”. (with Allan Wright),Tourism Analysis.
2012 “A Model for Caribbean Tourism Demand and Volatility”. (with Allan Wright), Tourism Analysis.
2012 “ Causal Relationship between Tourist Arrivals and Volatility with Caribbean Markets”. (with Allan
Wright), Journal of Eastern Caribbean States.
2012 “Developing a Sustainable Caribbean Tourism Product: A Policy Guide”. (with Allan Wright),Journal of
Eastern Caribbean States.
2012 “Threshold Effects of Sovereign Debt: Evidence from the Caribbean” (with Lisa Drakes, Chrystal Thomas,
and Kevin Greenidge), JES.
2011 “The Debt and Fiscal Nexus in Barbados: A Fiscal Policy Reaction Analysis” (with Jason LaCorbiniere),
JBFEEE.
2011 “Causality between Corruption and Economic Growth in Developing Countries: A Panel Approach” (with Allan
Wright), JBFEEE.
2010 “An Investigation of Price Asymmetries between Crude Oil and Gasoline Prices in the ECCU and Barbados”
(with Travis Mitchell), JECS.
WORK IN PROGRESS
“Growth and Unemployment in the Caribbean: An Empirical Analysis of Okun Law Using a Model of Regime
Change” (with Patrice Borda, David Gbaguidi, and Alain Maurin).
“Real Activity and Financial and Monetary Indicators in the Caribbean: An Analysis of the Cycles” (with Alain
Maurin).
“Forecasting Sectoral Electricity Demand ”(Winston Moore and Adrian Carter)
“Estimating Price and Income Elasticity of Sectoral Electricity Demand ”(Winston Moore and Adrian Carter)
“Resource Curse, Dutch Disease and Unemployment Dynamics in a Small Open Hydrocarbon Exporting Economy”
(Rebecca Gookool)
Unemployment Dynamics in the Caribbean (Allan Wright)
August 10, 2012
12